Hello and welcome. I was trying to get some nasty errors with Auctioneer fixed this weekend without losing my data and I was able to pull it off. I had to buy a few things to get this week moving. Been having some luck lately by splitting big stacks of what I like to call "Buff Food". Essentially anything you can eat that will relplenish and buff you for well fed. Cook's post these items on the cheap and you can split them into 5's and get a significant amount of gold from it.
Also I want to re-visit the cosmic essence talks we were having. My server is still at a very low level. Are anyone elses starting to come down at this point? I could buy 10 for 69gold. Frozen orbs are holding pretty solid around 100g. I also noticed the arctic fur came down a lot. Did they increase the drop rate from skinning on these? Help me out in the comments.
Playing it pretty conservative for the first week after patch just watching some prices. Still managed to make about 400g though. Staying away from EPICs and buying materials for crafts is definately been keeping the income steady. It's just now that I can afford the expensive mats to resell. I'm taking the weekend off for a wedding, not the most fun thing in the world but they are friends at least. I'll check back in with you on Sunday! Happy hunting.
I did it. I broke the 2000g mark. I didn't get to spend the time buying on Monday night. With the patch I didn't want to invest significantly. Now that its out its time to start again. Markets should steady all over the board after about a week. Lack of purchasing and hot selling makes for no hotlist coldlist for the week.
Sorry for the lack of posts. Its starting to get nice outside here in the midwest not to mention baseball season has started.
So here we are almost breaking 2000g from the 20g initial investment. It has only been 1 month and 2 days. I expect when I get home tonight to have broken the mark. Greater cosmic essences from the last post are selling out for me at a low price but are moving very fast. I haven't done a serious amount of buying lately as I was stocked up from the guy who sold me the contents of his guild bank last weekend. I'll probably spend some time scanning and buying tonight.
Finally I sold the [Design: Thundering Skyflare Diamond]. I didn't make much on it so I wouldn't really say these are a good turn. I'm still scanning the AH every morning and evening. What i'm finding though is there are so many scanned items, if the market turns quickly my median is terrible. Is there any way to filter out like 10% of the highest prices? I looked around a bit and couldn't find anything like this.
Eternals and Crystalized items are still moving very well. Try and pick these up cheap and flip them for a few gold. Also one thing I want to point out. Sometimes the Cooks will post up some food that restores health and also buffs you for a duration of time. These items over level 60 can be bought sometimes very cheap in stacks of 20 and broken into 5's for some serious turn around. Most of the time I have seen them, i bought the only stack of 20 and posted it for 3-5x profit in stacks of 5.
Greater cosmic essence has become flooded on my server. Right now the lowest price is 5g per. Chime in with the price of Greater Cosmic on your server in the comments. Just looking for a trend here.
Hello all. Progress is moving along. Some items are very flooded so I'm holding them in my bag until the market bouces back. The real reason for my post this morning is you guessed it, Hotlist Coldlist.
Crystalized and Eternal Fire (literally this stuff is hot)
Armor Kits higher than lvl 60
Frozen Orbs (Although price has bottomed they still move within 12 hours)
Any type of fish in stacks of 5 other than Moonglow Cuttlefish
So in the last post I talked about buying stuff off this guy in trade to get down to 968g. After posting all of that last night and checking my mail this morning, I'm back up past my initial gold. He had a lot of demanded items that since I bought so cheap I could undercut the Sunday night floods. I sold multiple Ore's, eternal elements, crystalized elements, uncut gems (suprising), some Arcane and Infinite dust and other chanting materials. SHAMWOW! :) Still no luck with [Staff of Natural Fury], [Design: Khorium Rifle] and [Design: Thundering Skyflare Diamond]. I bought all those around the same time. I'm not asking over market at this point and they are still stale. Anyone have market prices for these on their servers? I'm just curious.
The weekend has been decent for sales. I got a few things sold that had been sticking around for a while. I had some [Scale of Onyxia] for almost two weeks that I finally got rid of. I would recommend staying away from those even if they are under priced. Also sold a [Swif Skyfire Diamond] for 96g. [Armor Kits] prove a consitant market exists as well. Referring back to an older post. I found out that buying flooded Chaos Deck cards does work out in the end. 30-80g profit per card isn't bad.
Great news! In mid-post here I had a guy who looked like he was unloading his GuildBank and didn't really care how much it went for. I'm down to 968g but i'm way over 2000g in potential AH sales after posting it. Just caught the right guy at the right time. I'll be sharing results with you all week as usual. Tomorrow night, I should have the hot/cold list ready.
Somethings are coming back and starting to move again. I unloaded a few [Armor Kits] and although [Frozen Orb]prices have plummeted they still move quickly if you can get them for a good price. I'm also having some new luck with level 60+ [Fish]. Seems like a lot of people will go out and fish a bunch of something and then post it cheap in stacks of 20. Buy it and stack fish in 5's. Works out well for me everytime. Lets hope we got something good going for the weekend.
Some items i've had for a while finally sold over last night. 2 [Darkmoon Faire cards] sold at 50g+ profit and some [Lion's Ink] I picked up after work last night sold overnight. I made 30g on the ink. I wouldn't quite consider the market stable for a while yet. I'm thinking another 2 weeks should do us good. Meanwhile i'm going to try and stick to some smaller stuff that I have had some consistant luck with. Does anyone know if beancounter or some part of the auction sweet can breakdown quickest turn arounds?
Monday night I went back to my roots a little. I know you are all like, how does he have roots he started this a month ago. LoL. I spent a total of 5g and picked up some [Herbs] and some inks. They promptly sold by last night. Those are the types of things I started with. They still move, imagine that. I found some strange reverse way to search the auction house for low buyout and actually beat the mobs of people playing the AH to the good items. Instead of using the search for buyout set your profit margin to 1g and click the bids allowed box and uncheck buyout. Then run your search after a fresh scan. At that point sort the list by buyout price. You'll find some amazing steals i'm sure. I know because I did. Now i'm using that search a lot.
Based on some comments I'm blaming my bad sales on Spring Break market flooding and everyone saving for DUAL SPEC. So for now, i'm going to hold some items in stock and wait for the market to stabalize. Now this wonderful comment poster #7 from the last blog entry informed us of this Spring Break phenomenon. My question is are there other times when the market gets flooded, or even better to know, does it ever dry up making prices good because of low stock? If anyone would share their thoughts on these times please feel free.
Due to crappy market conditions everything is on a coldlist this week. Sorry
I have hit a brick wall. Nothing that was moving before is moving now. [Cut Gems] are even getting posted 30-40g under market. [Frozen Orb] has dropped considerably. I'm going to have to unload some stuff at serious losses. I'm going to have to rethink my strategy. I should be able to get about 1200g once everything is sold at loss. Or should I hang in there and keep reposting? The first 2 weeks went so well. Now it seems like nothing I buy can sell for anywhere near market price. I've also realized I need to write down what i'm paying for sutff in the trade channel. I'm losing grasp of my margins on some of my items this way. Calling for comments on commodity items that are still moving on your servers. Anyone?
Something is definately not following trend. My weekend sales were terrible. I have some stuff posted at or below my purchase price just to dump it and its not moving. I'm not going to buy anything new until most of my current lots are sold. I need to cap out my gold and really re-work the strategy to make this turn around again. I really feel like something is holding the market back. Whether it's patch incoming or nicer weather for the summer months and not as many people on, I don't know. I do know that this was easier in the beginning and the only thing i'm doing different is buying way more expensive stuff. Perhaps I need to scale back. IF anything sells by tonight, i'll post a hot/cold list. Otherwise the entire stock may just be a cold list by wednesday :(
After I posted Tuesday I picked up a bunch of what I thought were great deals in the Trade channel dropping down to 90g. I'm back up to 480g but I have some items now that just aren't selling. I made a bad purchase I think in the [Staff of Natural Fury]I bought for 350g and market says 489 but I can't make it move at all. We'll see how it stacks up on Sunday. I'm starting to think the steady/reliable gold income comes from high quantitys, lower markup on hot commodity items and not Rare or Epic. If you can stand reposting something 10 times maybe thats for you, but i'm more into the steady stream of gold flowing in after 1 or 2 postings. Even if it is only 1-10g on each turn as long as its 10-20 items at a pop that can work well. It's friday and i posted a crap load of stuff last night, we'll see how the weekend rush works for me. I'm wondering if people are holding back because of the looming patch.
Wow did I score some great stuff today. I got 10 [Nexus Crystal] for 5g which should turn around for about 27g. I also picked up a [Design: Thundering Skyflare Diamond] for 350g and market price is 750g! I'm the only one on the AH posting one so it got marked up to 859g by whatever magic auctioneer decides. Speaking of Auction... I found a new part of Auctioneer to speed up my posts and reposts. When you are in the appraiser screen posting, look to the top and click on "Full View". It will show everything in your bag on the left and let you just single click to appraise. It is fanatastic!
Now that I can afford to dabble in the epic department I can see how this is going to grow a bit faster. When you can turn 200g on an item after posting 2-3 times, who can beat that. Post in the comments for the single biggest return on investment you've had so far. My biggest turn, unless current auction for that design sells, is 179g.
Hello boys and girls. Its time for this weeks hot and cold! I'm still finding awesome deals on the trade channel (especially [Frozen Orb]). Always keep your eyes open. Also it seems like the later at night, the better deal you get. ProTip incoming: If you see someone WTB something on Trade channel, its possible between the time they looked and posted in trade, another auction has posted for less than what he/she is willing to pay. Double check it once and a while.
Just checking in here. Busy weekend and not a lot of time to scan and play the AH but I got about 50 minutes worth of game time since my last post. I've boughten 2 different epic items now that cost more than 370g for resale in the 550g range. I found one on the Trade channel and the other was actually listed in the AH. I've been keeping my money tied up but its making me nervous having all these items outstanding on the AH. I had 960g in my bag at the highest cash level on Saturday night when i starting buy a lot and reserves went down into the 200g range. I checked in today and gained about 250g back that I spent last night and the rest of the items are on AH.
Seems like the market floods with Ace through 8's after each darkmoon faire. Are they worth buying when low and waiting the few weeks to repost for the next faire ? Leave your opinion in the comments on this one, I need the help.
Any readers coming from Markco's Just My Two Copper, thanks for coming by! I love his site and all of his posts. It is where I started my quest for gold and intend on reading until I stop playing wow, heh, like that will happen. :)
Taking almost 2 days off has slowed me down. Friends and Family count way before any amount of gold in a game.
Being at this for a little over a week now I can tell my confidence in buying has been increased as i've seen some of the same repeat "deals" that obviously aren't and some items that I know dang well that will net me 3 times its buying price. One thing valuable i'm going to take away this week is the concept of market fluctuation. Just because you sold something for XX gold 4 days ago, does not gaurantee that you can still sell it at that price. So without further hesitation, I give you this weeks list.
This weeks HotList:
Quick Autumn's Glow (or other high end pre-cut gems)
This weeks ColdList:
Scrolls of Anything IV or higher (Did well on these in the first week, now aren't moving)
Flask of Mighty Restoration (Got these on a steal and have been posting under market and can't make them move at all. I'm currently 20g under market price and still nothing)
Glyphs are flooded and dead on my server. Do not waste your time.
I apologize that I did not post my hot and cold items as promised. I had an unexpected death in the family yesterday and have been dealing with that. I will post the hot/cold items tomorrow night as today is St. Patricks and reason to celebrate.
I've been trying to play the AH for 7 days total now. As the post topic has indicated my gold and outstanding auctions, I am beginning to understand things. Basically in order to sustain large incomes each day in trading you have to purchase some large items or volumes. A 40% discount on an item or stack that sells for 100g is going to work out a lot better marginally than any individual item worth less than 20g.
My Auctioneer scan data is getting more reliable after a week of regular scans. I have been using more parts of the add-on each day. There is a lot it can do and I learn things deep enough that reading a wiki really won't help much. I have also found a nice add-on for posting auctions that I would like to endorse. Auctionator (search @ curse.com) It will basically show you all the auctions existing and put a configurable discount on to move your items at current AH value.
Tomorrow night I will post the hot and cold items for the week. For now, here are some recent items i've been moving: [Glyphs] that aren't market flooded and those seem to sell better on the weekends but usually remain sold within 2 postings. [Lions and Midnight Ink]. [Fel Iron Ore]. Finally, Marks and Signet Rings. Some people like to post these at way below market price and I tend to snatch them up under 10s/each. Also I want to say keep an eye out on the Trade channel for deals. I found some nice stuff that should net 50-90g per.
I was checking my mailbox when a guy in the trade channel says [Bolt of Netherweave] 10G per stack. I whispered to him that i'd take it. He had 2.6 stacks or 52 Bolts. He asked where I was and when I told him StormWind he said he would COD. I then said 24G for the whole lot? He agreed and he COD'd it to me. I posted it on the AH in stacks of 4 for 6g80s. All but 3 of them sold in the first 5 minutes. Too bad the payments don't get to your mailbox any faster.
Faded Photograph. Worth Buying and reselling? From what I have read you get to keep this as part of the contents of a pack or package in a quest. Legend says its a photograph of Lynk and Princess Zelda in StormWind. Auctioneer shows the moving price on my server at over 70G. Does anyone have experience reselling this item. Please feel free to comment on this below.
The [Titanium Toolbox] sold!My net was 68g. I'm thinking I could have priced it even higher but it would have taken some time to move. Also the [LifeStealing Enchant] I picked up in the previous post for 1g40s sold for 27g. After I posted last night I picked up a few low lvl greens, some herbs, armor kits and reposted at their market price and most of those sold as well. With 200g in reserve at this point, buying bigger items should be in the regimen so I can make even more gold per transaction/day (similar to the toolbox scenario).
It's been a total of 3 days of trading in the AH. As the post subject says i have the 43g in my hands and the 370+g in outstanding product plus some stuff i've banked because the market is flooded with the item. I feel like this is really working. Because i've started small and still learning as I go, its taking me a bit more time to work my way up to the epic items and those people who say they are making 1000g a day. As I'm writing this, the 1G 40s bid i placed 15 minutes ago on the [LifeStealing Weapon Enchant] rewarded me as the winner. The other 6 on the AH start at 34g. I won't be stingy, Auctioneer says moving price is 27g. I will list it for that. This really is whole heaps easier than I could have imagined. Still waiting for my [Titanium Toolbox] to sell for 121g. That will seal the deal.